Willis Re News

Willis Re Reports Some Reinsurance Rate Increases, but No Market Turn

“Rate increases in the North American and International reinsurance markets are due to modest losses and poor results – not a hardening market,” according to a newly release report from Willis Re, the reinsurance arm of Willis Group Holdings. The …

Giancristofaro Appointed CEO for Willis’ Re Brazil Operations

Willis Group Holdings announced the appointment of Luigi Giancristofaro as CEO for its reinsurance operations in Brazil (Willis Corretora de Resseguros Ltda). He is based in Rio de Janeiro, and is primarily responsible for the broker’s Brazilian wholesale business. He …

Willis Re Reports on Impact of ‘RMS v11’ European Windstorm Model Changes

A report from Willis Re notes that “UK insurers may see increases of up to 97 percent in their capital requirement for catastrophe exposures under Solvency II rules when making calculations under the new Risk Management Solutions’ model version 11, …

Willis Re Appoints Angelini-Hurll as Regional Director of APMETA Team

Willis Re, the reinsurance arm of Willis Group Holdings, announced the appointment of Kieran Angelini-Hurll as Regional Director of its Indian Sub-Continent, Middle East, North Africa and Turkey operations, a newly created post within the group. He will be based …

Willis Re Reports on Mutual Insurers’ Diversification Challenges, Opportunities

Willis Re, the reinsurance arm of Willis Group Holdings, has released a report discussing the challenges and opportunities offered to mutual insurers through diversification, subtitled “Navigating the Pitfalls in Pursuit of Successful Diversification.” Willis Re said it “examines, through discussion …

Willis Re Appoints Welsch to Central Reinsurance Team

Willis Re, the reinsurance arm of Willis Group Holdings, has appointed Andrea Welsch to the position of Executive Director, effective May 28, 2012, based in London. In this newly created role she “will be contributing to Willis Re’s growth and …

Willis Re Names Beedle to Head Asian Operations

Willis Re, the reinsurance arm of Willis Group Holdings has announced the appointment of James Beedle as CEO of its Asian operations. He has been a member of the Willis Re team since 1998 and has worked with numerous global …

Willis Re Report on Reinsurers Sees Lower Loss Activity, Market Support

Reinsurers have seen more positive results in the first quarter of 2012 than in the previous two years according to Willis Re, the reinsurance brokerage arm of Willis Group Holdings. However, the survey also indicated that “lower levels of loss …

Willis Re Appoints Melia as CEO Willis Re International

Willis Re, the reinsurance arm of Willis Group Holdings, announced the appointment of Tony Melia as CEO of Willis Re International, effective immediately. He has been with Willis Re since 1988, and will lead the International Business Unit, which covers …

Willis Re Notes 25% Growth in Insurance Loss Warranty Market

A report from Willis Re in London points to 2011 activity as driving a 25 percent growth in Insurance Loss Warranties (ILWs) volume for 2012. The report estimates that the ILW market reached trading volumes of $6 billion last year, …